XIIC(SZ:000159)2016-03-28 16:00Financial Performance - The company's operating revenue for 2015 was ¥679,968,880.27, a decrease of 42.21% compared to ¥1,176,602,799.41 in 2014[15]. - The net profit attributable to shareholders for 2015 was ¥56,021,535.25, down 56.58% from ¥129,027,226.70 in 2014[15]. - The net cash flow from operating activities was negative at ¥-165,496,841.65, a decline of 209.50% compared to ¥151,135,477.33 in 2014[15]. - Basic earnings per share decreased by 56.60% to ¥0.1164 from ¥0.2682 in 2014[15]. - The weighted average return on net assets for 2015 was 2.59%, down from 6.08% in 2014, reflecting a decline in overall profitability[15]. - The company’s net profit for the reporting period was approximately 101.11 million RMB, down from 190.69 million RMB in 2014, highlighting the impact of external economic factors[21]. - The total profit for the period was 92,204,857.85 CNY, compared to 197,462,240.09 CNY in the previous period, indicating a decrease of approximately 53.3%[188]. - The net profit attributable to the parent company was 56,021,535.25 CNY, down from 129,027,226.70 CNY, reflecting a decline of about 56.5%[188]. Revenue Sources - In 2015, the company's oil and chemical sales revenue was 392 million RMB, significantly impacted by the economic downturn and a sluggish sales market[30]. - The oil industry accounted for 57.64% of total revenue, with a significant decrease of 52.26% from the previous year, primarily due to falling oil prices[35]. - Real estate development revenue decreased by 21.16% year-on-year, contributing 30.48% to total revenue, with a gross margin increase of 10.14 percentage points[39]. - The company’s oil sales volume dropped by 34.60% to 87,296.9 tons, while coal sales volume decreased by 54.90% to 113,955.9 tons, attributed to declining prices and reduced business volume[40]. Asset Management - Total assets at the end of 2015 were ¥2,948,995,537.59, a slight decrease of 0.65% from ¥2,968,258,457.12 at the end of 2014[15]. - The net assets attributable to shareholders were ¥2,164,003,446.34, a decrease of 0.06% from ¥2,165,357,945.31 in 2014[15]. - The total amount of inventory increased to 840,237,494.4 yuan, which is 28.49% of total assets, up from 23.42% in 2014[56]. - The company’s long-term equity investments increased to 274,287,492.1 yuan, representing 9.30% of total assets, up from 8.49% in 2014[56]. Investment Activities - Investment activities generated a net cash inflow of 111,713,552.93 yuan, a substantial increase of 669.98% year-over-year[50]. - The company reported an investment income of 89,596,622.60 yuan, contributing to 97.17% of total profit, indicating a sustainable income source[53]. - The company has committed to invest 419.37 million CNY in Xinjiang International Coal Chemical Co., with no funds utilized yet[68]. - The company’s investment in the biodiesel phase one project is still in the trial stage, affecting expected returns[70]. Cash Flow and Financing - The company reported a 46.46% decrease in cash inflow from operating activities, totaling 751,642,815.07 yuan, down from 1,403,843,638.12 yuan in 2014[47]. - The total cash outflow from financing activities decreased by 32.40% to 485,820,274.77 yuan, reflecting a reduction in loan repayments[50]. - The net cash flow from financing activities improved to 77,230,942.37, compared to -284,573,202.13 in the prior year[198]. - Cash inflow from financing activities was 280,000,000.00, an increase from 110,000,000.00 year-over-year[198]. Shareholder Returns - The company has established a profit distribution policy that emphasizes cash dividends, aiming for a minimum of 30% of the average distributable profit over the last three years to be distributed in cash[85]. - The cash dividend for 2015 was set at CNY 0.30 per 10 shares, consistent with the previous three years[87]. - In 2015, the total cash dividend amounted to CNY 28,868,357.64, representing 51.53% of the net profit attributable to shareholders[89]. - The company has maintained a consistent cash dividend policy over the past three years, with no changes in the dividend distribution plan[87]. Corporate Governance - The company strictly adheres to corporate governance standards and ensures equal treatment of all shareholders[156]. - The independent directors actively participated in board meetings and shareholder meetings, with a total of 12 board meetings held during the reporting period[164]. - The audit committee conducted thorough reviews of the annual financial statements and internal control self-evaluation reports, ensuring compliance and risk management[165]. - The company has a performance evaluation and incentive mechanism for senior management, linking compensation to company performance[170]. Market Outlook and Strategy - The company anticipates potential market risks in 2016 due to uncertainties in international crude oil supply and domestic economic slowdown, prompting a shift to direct procurement and sales of oil products[80]. - The real estate market in Urumqi is expected to gradually recover due to the accumulation of rigid demand and relaxed housing policies, with the company's South Gate International City project positioned advantageously in the market[77]. - The company is preparing for the production launch of its oil refining plant in Kyrgyzstan and aims to improve the production process of its biodiesel project to ensure compliance and quality[79]. - The company plans to establish a commercial bank in Kyrgyzstan with a registered capital of $20 million and a total investment of $50 million, focusing on microfinance operations[123].